THEODORE R. MCKELDIN, GOVERNOR 81
CHAPTER 37
(Senate Bill 69)
AN ACT to repeal and re-enact, with amendments, Section
8B of Chapter 657 of the Acts of 1953, relating to the
financing of the Twelve-Year Road Construction and
Reconstruction Program, authorizing the State Roads
Commission to issue State Highway Construction Bonds
in an amount not to exceed Seven Million ($7,000,-
000.00) Dollars, during the first four-year period of
said program, for the purpose of acquiring rights of
way for the proposed Circumferential Highway around
Baltimore City, located in Baltimore County.
SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 8B of Chapter 657 of the Acts of 1953, be
and it is hereby repealed and re-enacted, with amend-
ments, to read as follows:
8B. And be it further enacted, that the Commission
during the four program years next succeeding the effec-
tive date of this Act, shall not issue, in the aggregate,
from the State Highway Construction Bond Issue pro-
vided for in this Act, an amount of said bonds in excess
of the amount necessary to supplement construction funds
available to finance the acquisition of lands and rights of
way required for the Circumferential Highway around
Baltimore City, sometimes referred to 'as the Baltimore
County Beltway, located in Baltimore County, at a cost
not to exceed Seven Million ($7,000,000.00) Dollars and
the proposed road program during the first four program
years, as said program costs are set forth in the docu-
ment entitled "Road Construction and Reconstruction in
the Proposed Twelve-Year Program", and dated October
27, 1952, copies of which document shall be signed on the
front thereof by the Chairman of the State Roads Com-
mission and shall be filed with each of the following: The
Secretary of the State of Maryland, the Clerk of the Court
of Appeals of Maryland, the Department of Legislative
Reference of Maryland and the Secretary of the State
Roads Commission of Maryland; provided, however, the
State Roads Commission shall at no one time issue bonds
in an amount greater than $25,000,000.00, and further
EXPLANATION : Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.
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